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“ we selected drewry’s benchmarking club to benchmark our ocean rates with other retail industry leaders and to gain insight into container shipping market trends, forecasts and best practices through webinars provided to club members by drewry. Drewry, a maritime research and consulting firm, has developed a composite index of container freight rates on eight major routes to/from the us, europe, and asia, called the world container index (wci). The latest data from drewry’s world container index (wci) reveals a continued sharp decline in spot rates on major container shipping routes, particularly between asia and the us west coast (uswc).
On routes to us west coast ports, rates rose 38% over the week, reaching around $7,200 per feu container According to drewry's container freight rate index, some spot pricing from china to the us west coast surpassed $4,000 per feu this week, a psychological barrier that appeared to be insurmountable just last week due to admonitions from regulators in china and the us about aggressive carrier pricing. Routes from asia to europe are also recording rapid growth, exceeding 30%
The greatest dynamics are shown by connections to mediterranean ports , where rates have increased by 38%.
Drewry expects an increase in rates on the transpacific trade in the coming week due to the looming ila (international longshoremen’s association) port strike in january 2025 and the anticipated rush to ship goods before the strike begins. Container shipping rates between asia and the u.s
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